Artificial intelligence startup Island completes US$400 million in Series F financing, led by Evolution Equity Partners

PANews reported on September 24, according to Reuters, artificial intelligence startup Island announced the completion of a US$400 million Series F round of financing, led by Evolution Equity Partners, with participation from existing investors Prysm Capital, Sequoia Capital, Coatue Management, Cyberstarts, Insight Partners and JP Morgan Growth Equity Partners. The company’s valuation reached US$6.4 billion. The new funds will drive the company into the next stage of growth and innovation, help companies expand the application scale of artificial intelligence agents, and promote the modernization of working methods.